The Profit after Tax (PAT) for the quarter was Rs 44 crore as against Rs 62 crore for the corresponding period last year and for the nine months ending December 2016 was Rs 134 crore as against 161 crore for corresponding period last year.

During the quarter ended September 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew by 23.1 percent to 7.95 lakh units as against 6.46 lakh units registered in the quarter ended September 2015.

In fact, segment leaders like Maruti Suzuki, Tata Motors and Hero MotoCorp have reported de-growth of 34.3 per cent, 45 per cent and 20 per cent, respectively giving a clear indication of a prolonged slowdown in the sector.